Australia: Grain and Feed Annual
Australian winter crop production is forecast to decline significantly in 2017/18 due to less favorable seasonal conditions and in response to low world prices. Post forecasts wheat production at 24 million MT in 2017/18, down from a record 35 million MT in 2016/17. Barley production is forecast by Post at 8.5 million MT, declining from a record of 13.4 million MT in the previous year. Exports of wheat have been affected by a range of transport and logistical problems, and exports for 2016/17 have been revised down by Post. Sorghum production is expected by Post to fall to 0.8 million MT in response to an expected switch to alternative crops. Post forecasts rice production at 875,000 MT in 2017/18, due to continued water availability, with exports of 0.4 million MT.
